Tesla CEO Elon Musk is the new owner of Twitter

Apr 25, 2022

Tesla CEO Elon Musk has become the new owner of Twitter. Musk has made a deal of 44 billion USD, i.e., 3,368 billion rupees, to buy this micro-blogging site. In a press release, Twitter's Independent Board Chairman, Brett Taylor, gave information about the deal with Musk. So, Musk will have to pay $54.20 (Rs 4,148) for every share of Twitter.

He already has a 9% stake in Twitter. He is the largest shareholder of Twitter. After the latest deal, he will have a 100% stake in the company, and Twitter will become his private company. According to the report, after becoming a company owned by Elon Musk, all the shareholders of Twitter will get 54.20 USD, i.e., Rs. 4,148 in cash for every share.

Tesla CEO Elon Musk is the new owner of Twitter

This share price is 38% higher than before Musk disclosed his 9% stake in Twitter. Musk said that he had arranged $46.5 billion in financing to buy Twitter.

Twitter's board took a fresh look at Musk's offer. An important meeting of Twitter's board was also held to discuss Musk's offer. There was news in between that Twitter's board had accepted Musk's offer. In such a situation, it was almost decided that Musk would be the new owner of Twitter. After the micro-blogging site's purchase deal was finalised, Musk tweeted, advocating for free speech. He talked about unlocking Twitter. Discussions continued about Elon Musk buying Twitter.

Twitter's board took a fresh look at Musk's offer. An important meeting of Twitter's board was also held to discuss Musk's offer.

This has led to a 6% jump in Twitter's stock. After coming into the hands of Musk, people expect big growth in the company. Musk himself has also said that Twitter has a lot of potential. Before the deal, Musk tweeted: "Hopefully my worst critics stay on Twitter, because that's what free speech means." Elon Musk is the richest businessman in the world. He is in favor of freedom of speech.

He also stated that the freedom of speech on this social media platform is in jeopardy, which is why he intends to purchase Twitter. They want to make sure it stays put. The importance of the micro-blogging site Twitter can be gauged from the fact that it has 217 million active users worldwide. America has the most of these 77 million people.

Tesla CEO Elon Musk has become the new owner of Twitter. Musk has made a deal of 44 billion USD, i.e., 3,368 billion rupees, to buy this micro-blogging site.

Tesla CEO Elon Musk is the new owner of Twitter

The second number is Japan, where 58 million people use Twitter. At the same time, India is number three with 24 million users. Every day, around 500 million tweets are sent around the world. The special thing is that 38% of Twitter users are young. Their age is between 25 and 30 years old. Worldwide, the number of people connected to Twitter in some form or another goes beyond 217 million. Even before the deal to buy Twitter was finalised, Elon Musk was Twitter's largest shareholder, with a 9.2% stake.

He is followed by the Vanguard Group, which holds 8.8%. Now Musk will own 100% of Twitter and it will become a private company of his.

The Musk-Twitter agreement is the third-largest in the history of technology. Previously, Microsoft announced its biggest gaming contract with Activision Blizzard, the maker of Candy Crush.

Let us inform you that the biggest deal in the tech world recently occurred. Bill Gates' Microsoft has approved the $68.7 billion purchase of CandyCrush video game producer Activision Blizzard under this agreement (Rs 5.14 lakh crore). This is the most significant transaction in Microsoft's 46-year history.

Activision, Call of Duty, Candy Crush, Warcraft, Diablo, Overwatch, and Hearthstone are among Blizzard's games. As part of this transaction, Activision will provide Microsoft with around 400 million monthly gaming users. Under the terms of the agreement, Microsoft will pay Activision $95 per share.

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